Last Updated: Thursday, February 25, 2016

Stocks in focus today: Central Bank of India, Tata Steel, United Spirits

Top 12 stocks in focus today: Central Bank of India, Tata Steel, United Spirits

26 Feb 2016 07:57 AM
Stock Market
Central Bank of India: The bank has declared the directors of real estate developer Unitech as defaulters for not making a payment of Rs. 38 crore.

United Spirits: Vijay Mallya has resigned from the post of chairman of United Spirits and will be the "Founder Emeritus" of the company.

Tata Steel: Tata Steel has lost iron ore mine allotment by the Chhattisgarh government in Dantewada district for not completing the prospecting work within the stipulated period, reports a business daily.

NCC: NCC is at an advance stage of divesting its stake in the 1,320 MW power project coming up at Nellore in Andhra Pradesh to Sembcorp Industries of Singapore, reports a business daily.

Adani group: Adani group has moved closer to obtaining mining lease for its US$6.5 billion coal mine project in Australia's Queensland state after it struck a mining compensation deal with a local government body, reports a business daily.

Zee Entertainment: Zee Entertainment Enterprises Ltd. is planning to launch an on-demand video platform called OZEE where viewers will be able to watch videos in different languages, reports a business daily.

IDBI Bank: The bank reportedly said that it is planning to offer about 28 crore shares at Rs 53.44 apiece to LIC on preferential basis to raise Rs 1,500 crore.

Lupin: The pharma company is setting up a new plant in Japan and it also investing Rs.1 billion in a manufacturing facility in India which will cater to the Japanese market.

L&T: Larsen & Toubro announced that L&T Hydrocarbon Engineering, a fully owned subsidiary of the Company, has signed a long-term agreement with McDermott International focused on subsea projects in deepwater segment emerging on the east coast of India.

Bharti Airtel: Bharti Airtel and SoftBank have joined hands to launch five-year programme GTI 2.0, which aims to advance existing 4G technology and industrialization of 5G technology.

Coal India: By utilizing latest environment-friendly technology, government is working to increase coal production by Coal India Ltd (CIL) to 1,000 million tonne in the next four years, Coal Minister Piyush Goyal informed the Lok Sabha.

Jet Airways: The aviation company said it has inked a codeshare pact and loyalty exchange programme with the Korean Air which will allow passengers of the two airlines seamless travel between India and South Korea.

Reliance Capital: Reliance Capital said that the transfer proposal of Reliance Commercial Finance (RCF), approved by the board, aligns with the existing corporate structure of Reliance Capital wherein all operating business are held as wholly or majority owned subsidiaries. 

BASF: The company has received information from its parent company, BASF SE, Germany that as part of its regular portfolio review, it will refocus its global plant biotechnology research portfolio and restructure the global operations of its plant Science subsidiary.

Chembond Chemicals : The company had informed BSE that the company was at an advanced stage of discussion to form a Joint Venture (JV) with a Malaysian Company to serve water treatment market, Chembond Chemicals Ltd has now informed BSE that the Company has signed a JV agreement with I-Chem Solution Sdn Bhd, Malaysia, operating in the water treatment solutions business. The Company would own 51% of the equity in the Joint Venture with the balance being held by I-Chem Solution Sdn Bhd.

Rashtriya Chemicals and Fertilizers Ltd: The company has informed BSE that the Board of Directors of the Company at its meeting held on February 25, 2016 has accorded in-principle approval to take a minimum of 11% equity stake in the revival of Sindri unit of FCIL by forming new Joint Venture Company with other PSUs.

Vesuvius India Ltd: The company has informed BSE that the Board of Directors of the Company at their meeting scheduled to be held on February 26, 2016 will consider the annual accounts of the Company for the year ended December 31, 2015 and recommendation of dividend to be declared by the shareholders at the ensuing Annual General Meeting. 

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